GREY:XEBEQ - Post by User
Post by
tamaracktopon Sep 14, 2021 11:24pm
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Post# 33860041
Pardon my perrenial optimism
Pardon my perrenial optimismIt's a survival mechanism
The fact is that Xebec traded 174,738 shares in the last 30 minutes, taking the stock from $2.89 to close at $2.95. Offered at $2.97.
That wasn't all retail.
Some here might think I stare at the screen all day.
I don't.
It takes 5 seconds to take a screenshot of a quote, which I do every day around 3:30 to get a handle on what happens in the last half hour, which is probably the most telling half-hour of the day.
174,000 shares in a half-hour is equivalent to 2.27 million shares in a day, if that pace of trading was maintained over the course of an entire session.
27% of the day's volume came in the last half-hour, while Xebec was rallying.
People are scared, and I understand that.
That's precisely why Xebec is on sale.